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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » CEAT Plant To Reach 450,000 Tyres A Year

CEAT Plant To Reach 450,000 Tyres A Year

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1CEAT Plant To Reach 450,000 Tyres A Year Empty CEAT Plant To Reach 450,000 Tyres A Year Sun Jun 15, 2014 9:24 am

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
A milestone was achieved on Tuesday, June 10 in the manufacture of tyres in Sri Lanka with the official inauguration of a new hi-tech production facility for radial tyres for passenger cars and Sports Utility Vehicles (SUVs) at CEAT Kelani Holdings. The new plant is to expand its radial tyre building and curing capacity by 70 per cent to 450,000 tyres a year. Economic Development Minister Basil Rajapaksa led a team of government ministers to this milestone event. Since 2009, the CEAT Kelani joint venture has invested Rs. 2.5 billion in enhancing capacity, modernising its factory and setting up this new radial plant. Besides contributing to a substantial saving of foreign exchange, the new plant would also cater to CEAT Kelani’s exports of radial tyres from Sri Lanka. More than a third of current radial tyre production fromthe company’s production facility is exported.

Speaking at the event, CEAT Kelani Chairman Chanaka De Silva said the post-conflict resurgence of Sri Lanka has provided companies with a fresh incentive to grow, and CEAT Kelani has supported this process very tangibly, by investing in capacity expansion, and enhancing the range and quality of its products. “The new radial tyre production facility that has just been declared open is only part of this commitment,” he said.

Elaborating, N. C. Venugopal, Managing Director/CEO of CEAT Kelani Holdings said that the new technology acquisitions for the Radial plant include the latest Bead Apexing Machine, Cap Ply and Cap Strip Machine and improved tyre building machines and curing presses that will enable the company to produce a new grade of high performance radials in all sizes for high end cars.

http://www.thesundayleader.lk/2014/06/15/ceat-plant-to-reach-450000-tyres-a-year/

SHARK aka TAH

SHARK aka TAH
Expert
Expert
TYRE was a mis opportunity for me despite knowing very well the future demand. I should have held it since 2012/2011 period.

 Sad 

lux2014

lux2014
Manager - Equity Analytics
Manager - Equity Analytics
Any chance of entering now?

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